Ethereum started a recovery wave above the $2,840 level against the US Dollar. ETH is now facing a major challenge near $2,905 and the 100 hourly SMA.
- Ethereum huet eng anstänneg Erhuelungswell iwwer den $ 2,840 an $ 2,850 Niveau gestart.
- The price is still below $2,900 and the 100 hourly simple moving average.
- Et gëtt eng gréisser bearish Trendlinn déi sech mat Widderstand bei $ 2,900 op der Stonnekarte vun ETH / USD formt (Datafeed via Kraken).
- D'Koppel muss d'$2,900 an $2,915 Resistenzniveauen läschen fir weider méi héich ze ginn.
Ethereum Präis Gesiichter Resistenz
Ethereum fir 2,766 XNUMX US Dollar gehandelt before it started a recovery wave. ETH was able to settle above the $2,800 resistance zone.
There was a move above the $2,840 and $2,850 resistance levels. Ether even climbed above the 23.6% Fib retracement level of the key drop from the $3,040 swing high to $2,766 low. It is still below $2,900 and the 100 Stonn einfach bewegt Duerchschnëtt.
On the upside, an initial resistance is seen near the $2,900 level. There is also a major bearish trend line forming with resistance near $2,900 on the hourly chart of ETH/USD.
Besides, the 100 hourly simple moving average is acting as a barrier near $2,900. The next major resistance is near the $2,905 level. It is near the 50% Fib retracement level of the key drop from the $3,040 swing high to $2,766 low. A clear move above the $2,900 resistance might start another increase.
Source: ETHUSD op TradingView.com
The next major resistance on the upside might be $2,975. Any more gains may perhaps send the price towards the $3,030 resistance. Any more gains might send the price towards the $3,120 level.
Frësch Réckgang an der ETH?
If ethereum fails to gain pace above the $2,900 resistance, it could start a downside correction. An initial support on the downside is near the $2,860 zone.
The first major support is near the $2,850 level. If there is a downside break below the $2,850 support, the price could revisit the key $2,800 support zone. Any more losses may perhaps open the doors for a larger decline towards the $2,600 level or even $2,550.
technesch Indicateuren
Ofleen MACD - De MACD fir ETH / USD verléiert elo Tempo an der bullish Zone.
Stonn RSI - Den RSI fir ETH/USD ass just iwwer dem 50 Niveau.
Major Support Level - $ 2,850
Major Resistenzniveau - $ 2,900
Source: https://www.newsbtc.com/analysis/eth/ethereum-faces-key-challenge-2900/